Frasers investors back 100 million stg share scheme for next CEO

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Frasers, which was formerly called Sports Direct (LON:FRAS) and is controlled by founder Mike Ashley, said last month that Murray would succeed Ashley as CEO on May 1 next year.

Murray, currently Frasers’ “head of elevation”, is the partner of Ashley’s daughter.

At the firm’s annual investor meeting 86.6% of votes cast were in favour of the bonus scheme, while 13.4% opposed it.

Ashley owns 64% of the equity.

($1 = 0.7311 pounds)